As Jags fans and Jacksonville natives are aware, Khan and Iguana won the bid to develop the shipyard property nearby TIAA Bank Field last spring over Presidium Group and Wes Holdings LLC. Kaye also noted that the first phase includes the construction of a convention center in front of the St. Johns river as well as a riverfront convention hotel. DeBartolo Development Company and Rimrock Devlin Development would be collaborating with Iguana on the first phase for what would be a joint-venture project.

“Today’s proposal represents the first step in delivering the vision we first shared three years ago for the rebirth of downtown Jacksonville,” Khan said, according to First Coast News. “The Shipyards is the optimal and obvious site for a new Jacksonville convention center. First, you have the prime riverfront access and the sense of being a true destination that only the Shipyards can offer. Then, you have the synergies with the existing sports venues plus the anticipated mixed-use development planned for Lot J. We’re doing big things in Jacksonville and this plan with DeBartolo and Rimrock is our boldest plan to date.”

The convention center proposed would be a massive 490,000-square-foot building which could be extremely useful in luring events like WrestleMania or the college football national championship into Jacksonville. Additionally, the hotel next to it would include a 200,000-square-foot multi-purpose exhibit hall and a a 40,000-square-foot ballroom.